These are remarkable young entrepreneurs and creative minds that, as inaugural members of the 20 Under 20 Thiel Fellowship, will pursue “innovative scientific and technical projects, learn entrepreneurship, and… → Read More
My friends, my followers on Twitter, and people who’ve read my previous posts know that I have a very strong opinion about education: that it is absolutely necessary in order for you to build a foundation for success. Despite having appointments at five elite universities, I am not a proponent of elite education. Rather, my research led me to conclude that ivy-leaguers may be able to get their… → Read More
Fair warning: This article will piss off a lot of you.
I can say that with confidence because it’s about Peter Thiel. And Thiel – the PayPal co-founder, hedge fund manager and venture capitalist – not only has a special talent for making money, he has a special talent for making people furious.
Some people are contrarian for the sake of getting headlines or outsmarting the markets. For Thiel… → Read More
As far as I know, and my Web searching skills can take me, early Facebook investor Peter Thiel hasn’t yet publicly commented on the role of Eduardo Saverin, who co-founded and initially bankrolled ‘thefacebook’ back in the early days.
PayPal founder and early Facebook investor and board member Peter Thiel has invested NZ$4 million (that’s about $3 million USD) in online accounting software company Xero to support its expansion into the US market.
I wrote a post Sunday about the difference between cultural waves in Silicon Valley and the individual companies that come out of them. Many of the individual companies survive but the wave itself always has to crash. That’s the nature of waves. But it’s also the nature of waves that another one always comes along. I have no idea what that will be. After all, the smartest people in the Valley… → Read More
“The Yelp for cellphones will be Yelp. The Google for cellphones will be Google.”
That was Clarium Capital President Peter Thiel talking to our own Sarah Lacy on stage during TechCrunch Disrupt today. His point was that Internet innovation today is much like innovation in the automobile industry in the 1950s and 1960s. That is, there isn’t much — it’s all about the big boys, in Thiel’s… → Read More
Today at our TechCrunch Disrupt conference in San Francisco, Clarium Capital President Peter Thiel sat down with our own Sarah Lacy to talk about a whole range of issues. But at the end of the dicussion, he disclosed a bit of news.
Thiel is starting a new initiative that will offer grants of up to $100,000 for kids to drop out of school. Yes, you read that right. Though that’s not how Thiel puts… → Read More
Peter Thiel made a really wise bet on Facebook as the social network’s first angel investor back in 2003. Of course, now Thiel’s foresight has paid off—the company is not only the biggest social network in the world but it is valued in the tens of billions. In fact, Thiel, who was being interviewed by Sarah Lacy, said today at TechCrunch Disrupt that Facebook’s $30 billion valuation is still… → Read More
Facebook co-founder Dustin Moskovitz is starting a new startup called Asana to solve enterprise collaboration, and he just closed a $9 million series A round from Benchmark Capital and Andreessen-Horowitz. this follows $1.2 million angel round last spring from investors including Ron Conway, Peter Thiel, Mitch Kapor, MySpace CEO Owen van Natta, Sean Parker, and former Facebook Director of Mobile… → Read More
Nearly every investor is hurting right now—even PayPal co-founder Peter Thiel, who manages the $5.2 billion Clarium Capital Management hedge fund. The fund has had a good record over the years, with a 27 percent annual return since it started in 2000. And up until June, Thiel managed to produce a 58 percent return for the year. But in the second half of the year, his bets turned sour, and in… → Read More
In a long-ranging discussion today at TechCrunch50, investor Peter Thiel (PayPal, Facebook, Slide) gave his thoughts on what is the best predictor of startup success. At the Founder’s Fund, one of the most important factors he likes to look at before deciding to invest in a startup is how much the CEO is paying himself. (This is also a factor that one of his investments, YouNoodle, looks at to … → Read More